World News: 23:06 GMT Friday 10th August 2018. [CEMATRIX Corporation via Globe Newswire via SPi World News]
CALGARY, Alberta, Aug. 10, 2018 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (the “” or “”) is pleased to announce a non-brokered private placement of up to 8,250,000 units (each, a “”) at a price of $0.20 per Unit for gross proceeds of up to $1,650,000. Each Unit will be comprised of one common share of the Corporation (a “”) and one half warrant (each, a “”). Each full Warrant will be exercisable into one Common Share for a period of twenty four months from the date of issuance at an exercise price of $0.35 per Common Share.
The proceeds of the private placement will be used for growth and general working capital. The Corporation may pay a finder’s fee of cash or securities, to eligible persons, in compliance with applicable securities laws and TSX Venture Exchange (“”) policies. There is no material fact or material change about the Corporation that has not been generally disclosed.
Completion of the private placement is subject to regulatory approval including, but not limited to, the approval of TSXV. The Common Shares issued will be subject to a four month hold period from the date of closing.
CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection, delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.
Jeff Kendrick - President and Chief Executive Officer Phone: (403) 219-0484
Jeff Walker, The Howard Group – Investor RelationsPhone: (888) 221-0915 or (403) email@example.com
Globe Newswire: 23:06 GMT Friday 10th August 2018
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